10 Richest Cities in the Philippines

2) MAKATI CITY

Image result for MAKATI CITYDespite the many controversies that this city faces, Makati City is the second richest city in terms of total income (8.9 billion pesos), and the richest city based on income per capita (16, 535 pesos).  It also has the highest income from local sources and tax revenue.

Makati City is the Financial Business District of the Philippines, where the Philippine Stock Exchange is located. Many even call it as the “Wall Street of the Philippines.” It is the haven to the finest luxurious hotels in the country such as the Raffles Makati, Fairmont Makati, and Shangri-la Makati. Although it is a major urban center, it only has seven underpasses, which are along Ayala Avenue and Paseo de Roxas.

In addition, this city is known for its public school system, skyscrapers, and museums. However, it is also famous for having overpriced infrastructure projects such as the 2.7 billion Makati City Hall Parking Building.

 

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